>Daily Market & Technical Outllok (ICICI Direct)

Market outlook

􀂃 Indian markets are likely to open flat following flattish global cues. Our markets are following global markets at this point of time but will keenly watch local developments on the election front in the coming weeks. Any hints of an unstable government will put pressure on the markets for the next month. We feel traders should book profits on every rise and not to go short at this point of time

􀂃 The Sensex has supports at 10970 and 10810 and resistances at 11210 and 11370. The Nifty has supports at 3390 and 3350 and resistances at 3450 and 3510

􀂃 Asian stocks were trading mixed in morning trade

􀂃 The Dow gained 70.4 points, or 0.9%, to 7,957.0. The S&P rose 8.37 points, or 0.99%, to 851.92. The Nasdaq Composite added 6.09 points, or 0.37%, to 1,652.2

􀂃 Stocks in news: JK Tyre, DLF

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